Trekkers footwear bought a piece of machinery on January 1m 2006 at a cost of $2.3 million, and the machinery is being depreciated annually at an amount of $230,000 for 10 years. ITs market value on December 31, 2008 is $1.75 million. The firm's accountant is preparing its financial statement for the fisical year end on December 31, 2008. The asset's value should be recognized on the balance sheet at? a. 230,000 b. 1.61 million c. 1.75 million d, 2.3million

The sec has historically raised questions regarding the independence of firms that derive a significant portion of their total revenues from one audit client or group of clients because the sec staff believes this situation causes cpa firms to

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Turrubiates corporation makes a product that uses a material with the following standards standard quantity 8.0 liters per unit standard price $2.50 per liter standard cost $20.00 per unit the company budgeted for production of 3,800 units in april, but actual production was 3,900 units. the company used 32,000 liters of direct material to produce this output. the company purchased 20,100 liters of the direct material at $2.6 per liter. the direct materials purchases variance is computed when the materials are purchased. the materials quantity variance for april is: